Weltbild Publishing Group

Weltbild Publishing Group (German: Verlagsgruppe Weltbild) is a major German publisher and media retailer based in Augsburg. It is partner of the holding company DBH Deutsche Buch Handels GmbH & Co. KG and itself it is owned by the dioceses of the Roman Catholic Church of Germany. The name Weltbild roughly translates to "world picture".

As of 2006, Weltbild claims to be Germany's largest media and mail-order company, with a market share of ten percent. It also says it is No. 2 among online book retailers (presumably after Amazon.de). Weltbild employs some 6,400 employees and has a revenue of 1,7 billion EUR. According to the enterprise, some 5,5 million customers in the German-speaking countries buy Weltbild books by mail order, in one of the 300 Weltbild shops or over the Internet. Its mail-order catalogue has a print run of four million.

Bankruptcy

Weltbild filed for Bankruptcy on the 10th of January 2014. [1] On the 2 of August 2014 the financial investor Droege International Group bought 60% of the companies shares and started a recapitalisation. [2]

Controversy

Erotica books in the assortment of the company caused a controversy in 2011.[3]

In June 2013, Weltbild ran into controversy when they notified Canadian based publishing house Icon Empire Press that they would nolonger be carrying their book titles. Weltbild informed the publishing house that they were owned by the Diocese of the Catholic Church of Germany and the book titles carried by Icon Empire Press did not meet the standards of traditional values.[4]

References

  1. ↑ "Catholic Church-owned German bookseller Weltbild files for insolvency". Reuters.
  2. ↑ http://www.spiegel.de/wirtschaft/unternehmen/weltbild-droege-uebernimmt-verlagsgruppe-von-arndt-geiwitz-a-984420.html
  3. ↑ "Catholic Church Makes A Fortune In The German Porn Business". Worldcrunch.
  4. ↑ "Germany's Catholic-owned Weltbild sells straight erotica but drops Vancouver gay literature publisher".
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